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EarnestDD

08/03/10 10:25 AM

#16789 RE: Howardhaftel #16788

How about a company like EEGC that claims to spend $50+ Million and NEVER drills a single well to completion???
Thats a special type of Failure.
jmo

rigman

08/03/10 5:51 PM

#16829 RE: Howardhaftel #16788

Howard,
You seem to have forgotten that Empire was ready to drill nearly two years ago and that only lack of money stopped them. No further work has been done on refining the Bellevue location since. I do not think it is correct to imply that be not drilling Empire are improving their chances of finding oil.